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Order types, matching, and settlement explained.
Market Order: Buy/sell immediately at current price. Limit Order: Buy/sell only at your specified price or better. Stop Loss: Automatically sell if price falls below a level to limit losses. Example: If TCS is at ₹4,000, a limit buy at ₹3,950 means your order executes only if price drops to ₹3,950.
Order Types Comparison
| Order Type | When to Use | Risk |
|---|---|---|
| Market Order | Need immediate execution | May get worse price in volatile market |
| Limit Order | Want specific price | May not execute if price doesn't reach |
| Stop Loss | Protect against losses | May trigger in temporary dips |
Test your understanding. Score 3/5 or higher to mark lesson complete.